Sequans Communications SA
NYSE:SQNS
Income Statement
Earnings Waterfall
Sequans Communications SA
Revenue
|
44.8m
USD
|
Cost of Revenue
|
-9.2m
USD
|
Gross Profit
|
35.5m
USD
|
Operating Expenses
|
-53.8m
USD
|
Operating Income
|
-18.2m
USD
|
Other Expenses
|
-10.5m
USD
|
Net Income
|
-28.7m
USD
|
Income Statement
Sequans Communications SA
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
12
N/A
|
14
+16%
|
16
+16%
|
19
+17%
|
21
+13%
|
23
+8%
|
23
+1%
|
25
+11%
|
28
+11%
|
33
+15%
|
37
+14%
|
39
+6%
|
43
+8%
|
46
+7%
|
49
+7%
|
52
+7%
|
51
-2%
|
48
-5%
|
47
-2%
|
47
-1%
|
46
-2%
|
40
-12%
|
36
-10%
|
31
-15%
|
27
-12%
|
31
+14%
|
33
+6%
|
37
+15%
|
45
+20%
|
51
+13%
|
54
+7%
|
55
+1%
|
53
-4%
|
51
-4%
|
52
+3%
|
54
+3%
|
58
+9%
|
61
+4%
|
59
-3%
|
54
-9%
|
45
-16%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(9)
|
(9)
|
(10)
|
(12)
|
(12)
|
(16)
|
(16)
|
(18)
|
(19)
|
(19)
|
(21)
|
(22)
|
(23)
|
(26)
|
(27)
|
(29)
|
(29)
|
(27)
|
(27)
|
(27)
|
(28)
|
(24)
|
(22)
|
(19)
|
(17)
|
(18)
|
(19)
|
(20)
|
(24)
|
(27)
|
(29)
|
(29)
|
(26)
|
(24)
|
(22)
|
(22)
|
(20)
|
(18)
|
(16)
|
(12)
|
(9)
|
|
Gross Profit |
3
N/A
|
5
+64%
|
6
+22%
|
7
+19%
|
9
+22%
|
7
-21%
|
7
+2%
|
8
+9%
|
9
+17%
|
13
+48%
|
16
+19%
|
17
+11%
|
19
+12%
|
20
+4%
|
21
+7%
|
23
+5%
|
22
-4%
|
21
-3%
|
20
-6%
|
19
-3%
|
18
-7%
|
16
-12%
|
14
-11%
|
12
-18%
|
10
-14%
|
12
+25%
|
14
+13%
|
17
+25%
|
21
+23%
|
23
+9%
|
25
+7%
|
27
+5%
|
26
0%
|
27
+3%
|
30
+12%
|
32
+4%
|
39
+22%
|
43
+11%
|
43
0%
|
42
-3%
|
36
-15%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(40)
|
(40)
|
(40)
|
(41)
|
(42)
|
(41)
|
(41)
|
(39)
|
(36)
|
(37)
|
(36)
|
(38)
|
(39)
|
(40)
|
(40)
|
(40)
|
(41)
|
(41)
|
(43)
|
(45)
|
(46)
|
(47)
|
(46)
|
(44)
|
(42)
|
(40)
|
(42)
|
(44)
|
(44)
|
(48)
|
(48)
|
(47)
|
(46)
|
(46)
|
(40)
|
(45)
|
(46)
|
(47)
|
(48)
|
(50)
|
(54)
|
|
Selling, General & Administrative |
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(20)
|
(19)
|
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(21)
|
(23)
|
(27)
|
|
Research & Development |
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(27)
|
(25)
|
(25)
|
(25)
|
(26)
|
(27)
|
(26)
|
(26)
|
(25)
|
(26)
|
(25)
|
(27)
|
(27)
|
(27)
|
(28)
|
(27)
|
(25)
|
(25)
|
(24)
|
(25)
|
(27)
|
(29)
|
(31)
|
(31)
|
(29)
|
(28)
|
(26)
|
(26)
|
(26)
|
(26)
|
(27)
|
(28)
|
(28)
|
(27)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(37)
N/A
|
(35)
+4%
|
(34)
+3%
|
(34)
+2%
|
(33)
+2%
|
(34)
-3%
|
(34)
+0%
|
(31)
+8%
|
(28)
+12%
|
(24)
+14%
|
(21)
+13%
|
(20)
+2%
|
(20)
+1%
|
(20)
+2%
|
(19)
+5%
|
(17)
+9%
|
(19)
-9%
|
(20)
-4%
|
(23)
-16%
|
(26)
-14%
|
(28)
-8%
|
(32)
-13%
|
(32)
0%
|
(32)
-1%
|
(32)
-1%
|
(28)
+13%
|
(28)
-1%
|
(27)
+7%
|
(22)
+15%
|
(25)
-10%
|
(23)
+8%
|
(21)
+10%
|
(20)
+4%
|
(18)
+7%
|
(9)
+49%
|
(13)
-42%
|
(7)
+48%
|
(4)
+44%
|
(5)
-41%
|
(9)
-61%
|
(18)
-110%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
1
|
(3)
|
(7)
|
(6)
|
(9)
|
(5)
|
(2)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(7)
|
(7)
|
(10)
|
(16)
|
(27)
|
(29)
|
(30)
|
(27)
|
(17)
|
(8)
|
(7)
|
3
|
5
|
(3)
|
(3)
|
(7)
|
(9)
|
(8)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
5
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(37)
N/A
|
(35)
+4%
|
(34)
+3%
|
(34)
+1%
|
(33)
+2%
|
(34)
-2%
|
(34)
+1%
|
(32)
+5%
|
(26)
+18%
|
(27)
-3%
|
(28)
-4%
|
(26)
+7%
|
(29)
-10%
|
(25)
+15%
|
(21)
+15%
|
(22)
-4%
|
(24)
-8%
|
(26)
-10%
|
(29)
-12%
|
(31)
-7%
|
(34)
-10%
|
(37)
-9%
|
(38)
-1%
|
(39)
-5%
|
(40)
0%
|
(38)
+5%
|
(43)
-15%
|
(52)
-21%
|
(51)
+2%
|
(54)
-5%
|
(50)
+7%
|
(32)
+35%
|
(23)
+29%
|
(20)
+15%
|
(6)
+68%
|
(8)
-30%
|
(10)
-20%
|
(6)
+36%
|
(13)
-104%
|
(18)
-38%
|
(26)
-47%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
2
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
|
Income from Continuing Operations |
(37)
|
(36)
|
(34)
|
(34)
|
(33)
|
(34)
|
(34)
|
(32)
|
(27)
|
(27)
|
(29)
|
(27)
|
(29)
|
(25)
|
(21)
|
(22)
|
(24)
|
(26)
|
(29)
|
(31)
|
(34)
|
(36)
|
(37)
|
(38)
|
(38)
|
(37)
|
(43)
|
(52)
|
(51)
|
(55)
|
(51)
|
(33)
|
(24)
|
(20)
|
(7)
|
(9)
|
(12)
|
(9)
|
(16)
|
(22)
|
(29)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(37)
N/A
|
(36)
+4%
|
(34)
+3%
|
(34)
+1%
|
(33)
+2%
|
(34)
-2%
|
(34)
+1%
|
(32)
+5%
|
(27)
+18%
|
(27)
-3%
|
(29)
-4%
|
(27)
+7%
|
(29)
-10%
|
(25)
+15%
|
(21)
+15%
|
(22)
-4%
|
(24)
-8%
|
(26)
-10%
|
(29)
-12%
|
(31)
-7%
|
(34)
-10%
|
(36)
-5%
|
(37)
-1%
|
(38)
-4%
|
(38)
+0%
|
(37)
+3%
|
(43)
-17%
|
(52)
-21%
|
(51)
+2%
|
(55)
-6%
|
(51)
+7%
|
(33)
+35%
|
(24)
+28%
|
(20)
+15%
|
(7)
+66%
|
(9)
-27%
|
(12)
-35%
|
(9)
+23%
|
(16)
-78%
|
(22)
-37%
|
(29)
-30%
|
|
EPS (Diluted) |
-0.83
N/A
|
-0.78
+6%
|
-0.58
+26%
|
-0.57
+2%
|
-0.56
+2%
|
-0.58
-4%
|
-0.58
N/A
|
-0.55
+5%
|
-0.45
+18%
|
-0.46
-2%
|
-0.49
-7%
|
-0.46
+6%
|
-0.47
-2%
|
-0.39
+17%
|
-0.28
+28%
|
-0.3
-7%
|
-0.31
-3%
|
-0.34
-10%
|
-0.32
+6%
|
-0.33
-3%
|
-0.36
-9%
|
-0.39
-8%
|
-0.39
N/A
|
-0.4
-3%
|
-0.4
N/A
|
-0.39
+3%
|
-0.45
-15%
|
-0.55
-22%
|
-0.54
+2%
|
-0.48
+11%
|
-0.35
+27%
|
-0.22
+37%
|
-0.15
+32%
|
-0.14
+7%
|
-0.05
+64%
|
-0.06
-20%
|
-0.07
-17%
|
-0.05
+29%
|
-0.33
-560%
|
-0.38
-15%
|
-0.48
-26%
|